7301 S INTERSTATE HY 35 1 TX
| Owner | CWS AUSTIN BENNETT APARTMENTS LP |
|---|---|
| Parcel ID | 0426070602 |
| Short ID | 942518 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 223,575 SF |
| Land SF | 588,970 SF |
| Acres | 13.521 |
| Year Built | 2024 |
| Legal | UNT 1 BENNETT TRACT CONDOMINIUM PLUS 80.1 % INT IN COM AREA |
| Neighborhood | 08SC1 |
| Land | $8,834,543 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,834,543 |
| Improvement | $42,935,457 |
|---|---|
| Total Improvement | $42,935,457 |
| Market | $51,770,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,770,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,770,000 |
| Taxable Value | $51,770,000 |
|---|
Appreciation: Market value has risen +2830.0% from $1,766,909 (2021) to $51,770,000 (2025), a CAGR of 132.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,059,465. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 17% of market value ($8,834,543 land vs $42,935,457 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $51,770,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +94.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,385,125,227 by 2031, with an estimated annual tax burden around $1,500,848. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 223,575 SF | ✓ |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $478,976.04 | $478,976.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $271,283.60 | $271,283.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $194,574.96 | $194,574.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $61,100.51 | $61,100.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $53,530.18 | $53,530.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,059,465.29 | $1,059,465.29 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $478,976.04 | 45.2% |
| CAT City of Austin | 0.5240% | $271,283.60 | 25.6% |
| TCO Travis County | 0.3758% | $194,574.96 | 18.4% |
| THD Travis Central Health | 0.1180% | $61,100.51 | 5.8% |
| ACT Austin Community College | 0.1034% | $53,530.18 | 5.1% |
| Total | 2.0465% | $1,059,465.29 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $49,471,105 | $51,770,000 | -4.4% |
| Assessed Value | $49,471,105 | $51,770,000 | -4.4% |
| Land Value | $8,834,543 | $8,834,543 | +0.0% |
| Improvement Value | $40,636,562 | $42,935,457 | -5.4% |
| Taxable Value | $49,471,105 | $51,770,000 | -4.4% |
| Total Tax 2026 = estimate |
~$1,012,419
Estimated
|
~$1,059,465
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $49,471,105 | $8,834,543 | $40,636,562 | — | $49,471,105 | $49,471,105 | Not yet — post-cert | Preliminary |
| 2025 | $51,770,000 | $8,834,543 | $42,935,457 | — | $51,770,000 | $51,770,000 | ~$1,059,465 | Partial |
| 2024 | $54,880,000 | $8,834,543 | $46,045,457 | — | $54,880,000 | $54,880,000 | $1,031,580 | Verified |
| 2023 | $24,362,517 | $1,766,909 | $22,595,608 | — | $24,362,517 | $24,362,517 | $440,778 | Verified |
| 2022 | $2,666,754 | $1,766,909 | $899,845 | — | $2,666,754 | $2,666,754 | $52,666 | Verified |
| 2021 | $1,766,909 | $1,766,909 | — | — | $1,766,909 | $1,766,909 | $38,460 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.4% | -4.4% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2024 | +125.3% ! | +125.3% | ~100% | No billing data | Verified |
| 2023 | +813.6% ! | +813.6% | ~100% | No billing data | Verified |
| 2022 | +50.9% | +50.9% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2830.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.4% | +195.9% | +94.7% | +813.6% | 2023 | -5.7% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,059,465 | $524,590 | ~$1,290,814 | $1,059,465 | 2025 | $38,460 | 2021 |
Market value changed by 814% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$96,333,890 | ~$54,418,216 | ~2.0139% | ~$1,095,948 | +94.7% |
| 2028 | ~$187,588,660 | ~$59,860,037 | ~1.9814% | ~$1,186,060 | +279.2% |
| 2029 | ~$365,286,875 | ~$65,846,041 | ~1.9488% | ~$1,283,234 | +638.4% |
| 2030 | ~$711,314,323 | ~$72,430,645 | ~1.9163% | ~$1,387,982 | +1337.8% |
| 2031 | ~$1,385,125,227 | ~$79,673,709 | ~1.8837% | ~$1,500,848 | +2699.9% |
| 2027 | ~$95,344,468 | ~$54,418,216 | ~2.0465% | ~$1,113,661 | +92.7% |
| 2028 | ~$183,755,093 | ~$59,860,037 | ~2.0465% | ~$1,225,027 | +271.4% |
| 2029 | ~$354,146,760 | ~$65,846,041 | ~2.0465% | ~$1,347,529 | +615.9% |
| 2030 | ~$682,538,511 | ~$72,430,645 | ~2.0465% | ~$1,482,282 | +1279.7% |
| 2031 | ~$1,315,440,012 | ~$79,673,709 | ~2.0465% | ~$1,630,511 | +2559.0% |
| 2027 | ~$97,323,312 | ~$54,418,216 | ~1.9977% | ~$1,087,092 | +96.7% |
| 2028 | ~$191,461,805 | ~$59,860,037 | ~1.9488% | ~$1,166,576 | +287.0% |
| 2029 | ~$376,658,191 | ~$65,846,041 | ~1.9000% | ~$1,251,086 | +661.4% |
| 2030 | ~$740,990,576 | ~$72,430,645 | ~1.8512% | ~$1,340,832 | +1397.8% |
| 2031 | ~$1,457,732,891 | ~$79,673,709 | ~1.8024% | ~$1,436,016 | +2846.6% |
In 2025, this property's market value of $51,770,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 100× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $51,770,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $54,880,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $24,362,517 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $2,666,754 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,766,909 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |